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Summit Systems will pay a dividend of $ 1 . 5 3 $ 1 . 5 3 this year. If you expect Summit's dividend to

Summit Systems will pay a dividend of $ 1.53$1.53 this year. If you expect Summit's dividend to grow by 5.5%5.5% per year, what is its price per share if the firm's equity cost of capital is 11.8%11.8%?

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